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US Home Builder Financial Results
D.R. Horton and PulteGroup, the two biggest US homebuilders, said Thursday a tight supply of homes is helping them to raise prices, suggesting that the market is regaining strength ahead of the crucial spring selling season, according to Reuters. A dwindling number of existing homes for resale and a scarcity of ready-to-build land is allowing…
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EACOM Reconstruction
The reconstruction Eacom’s sawmill in Timmins, ON, is just a couple of months from being completed, according to Timmins Press Sunday. It will be take longer, however, before mill operators can settle back and declare the job done. “We expect the construction to be finalized within the next two months,” explained Guy Fleury, general manager…
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Council of Forest Industries of British Columbia
At the beginning of April was held the Council of Forest Industries of British Columbia convention in Kelowna, BC. Founded in 1960 by various logger and lumber manufacturer organizations, COFI is now a “CEO-lead organization”, as Ted Seraphim, CEO of West Fraser Timber, put it during his speech. The convention was attended by over 400…
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CN to Resolve BC Rail Car Backlog
Canadian National Railway said this week it’s alleviating a shortage of rail capacity for lumber shipments in British Columbia. The largest Canadian railroad’s ability to move wood products is gradually catching up with demand following extreme winter conditions in North America this year, Emily Hamer, a Vancouver-based CN spokesperson, said Thursday in a phone interview…
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US Housing Starts
US housing starts rose less than expected in March and building permits fell, pointing to underlying weakness in the housing market that could persist despite better weather. The Commerce Department said on Wednesday groundbreaking increased 2.8 per cent to a seasonally adjusted annual rate of 946,000. February’s starts were revised to show a 1.9 per…
